United States · Bill · HR
H.R. 7766 (116th)
To amend the Internal Revenue Code of 1986 to increase the research tax credit and provide better access to the credit for business startups.
Introduced
23 July 2020
Last action
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Status
Referred to the Subcommittee on Select Revenue Measures.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
This bill increases from 20% to 40% the rate of the tax credit for increasing research activities. It also increases the rate of the alternative simplified research credit and the credit rate where there have been no research expenses for the preceding three years. The bill also increases the amount of research expenses for purposes of calculating the payroll tax credit allowed to certain small businesses.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 23 July 2020
Introduced in House (PDF)
Introduced in House · EN · 23 July 2020
Introduced in House
summary · EN · 23 July 2020
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/7766
- Open data entity: https://api.congress.gov/v3/bill/116/hr/7766